Zambia has undergone a remarkable economic transformation during the last few years, as large parts of its economic engine, state-owned Zambia Consolidated Copper Mines, have been broken off and sold …
Ugandan officials are counting on Banff Resources (BFF-V) to lead the East African country back to a significant level of metal production.Uganda’s mining industry has spent about two decades in the d…
Toronto-based AmCan Minerals (AMF-V) has completed negotiations to acquire 100% of the outstanding shares of Oriole Mining.Oriole’s assets include five major diamond-bearing properties in Angola, thre…
A new treatment plant installed by Nora Exploration (NXI-M) is operating on schedule and below estimated cost at the company’s diamond project in Ghana.The junior says the plant, which consists of two…
Best known for its attempt to acquire a stake in the Busang project in Indonesia, Minorca Resources (mar-t) has since shifted its focus to Africa.The Toronto-based junior recently signed an agreement …
Casmyn (CMYN-O) will take operations at its Turk gold mine in Zimbabwe above ground.Traditionally, the Turk mine has produced gold from narrow high-grade veins, but detailed drilling and computer mode…
ExchgVol(000s)CloseWestmin ResT77035.40Barrick GoldT…
Two recent holes drilled by Guyana Goldfields (GGFI-C) have intersected gold at the Peters mine property, a former producer situated in Guyana.From surface, hole 18 returned 122 metres grading 1.41 gr…
The Toronto Stock Exchange composite index fell back 326.67 points during the period Jan. 7-13, closing at 6,329.59. The decline, which included a whopping 220-point drop on Jan. 9, was blamed on furt…
Short positions outstanding at December 31, 1997Larger individual positions include:Abitibi-Cons 135,553, down 606,285; Aurado Exploration 204,500, up 190,000; Barrick Gold 10,455,660, down 834,852; B…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/98 (change from Jan. 6 in brackets):MetalStocks(tonnes)Change…
Gold Funds as of January 8, 1998BGRCentralNet Value$14.47$6.10Price$10.50…
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